How To Fix FARR_CONTRACT_MAIN864 - Time-based performance obligation &1 cannot have open revenue

FARR_CONTRACT_MAIN864 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 864

• Message text: Time-based performance obligation &1 cannot have open revenue

What causes this issue?

Performance obligation &v1& is a time-based performance obligation. If
its end date is earlier than its migration date, the performance
obligation is fully fulfilled. Therefore, performance obligation &v1&
cannot have open revenue when its end date is earlier than the migration
date.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You can either change the end date of performance obligation &v1& or its
migration date to make sure the end date is later than the the migration
date.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN864 - Time-based performance obligation &1 cannot have open revenue ?

  The SAP error message FARR_CONTRACT_MAIN864 indicates that there is an issue with a time-based performance obligation in the context of revenue recognition. Specifically, the error states that the performance obligation cannot have open revenue, which typically means that there are still unrecognized revenues associated with that obligation.
  
  Cause:
  
  
  Open Revenue: The primary cause of this error is that there are still amounts of revenue that have not been recognized for the specified performance obligation. This can occur if the revenue recognition process has not been completed or if there are pending transactions that need to be processed.
  
  
  Contract Configuration: There may be issues with how the contract or performance obligation is configured in the system. For example, if the performance obligation is set to recognize revenue over time, but there are still amounts that have not been recognized, this error can occur.
  
  
  Data Inconsistencies: There may be inconsistencies in the data related to the